Shares finish session on a low

With more than 103.881 million shares traded, total trading value reached VND1.377 trillion (US$65.57 million). The VN30-Index, tracking the southern city’s top shares by capitalisation and liquidity, lost 0.3 per cent to 569.18 points, with losers overwhelming gainers by 16-6. Logistics company Gemardetp (GMD) increased VND1,800 ($0.085) to VND34,000 ($1.62) per share, and Vinamilk (VNM) added VND1,000 ($0.049) to VND142,000 ($6.76) per share. Four others rose by VND100-300 ($0.0049-0.014) per share. The gains, however, failed to support the VN30-Index when PetroVietnam Drilling (PVD) lost VND1,000 ($0.049), FPT Group (FPT), a technology company, lost VND700 ($0.03), Vietcombank (VCB) fell VND600 ($0.048), and Masan Group (MSN) and Bao Viet Group (BVH) lost VND500 ($0.023) per share. Other losers included big names such as Vietinbank (CTG), Hoa Phat Group (HPG), Hoa Sen Group (HSG), HCM City Infrastructure Investment (CII) and Hoang Anh Gia Lai Group (HAG). Further, the cash flow into blue chips slowed yesterday while increasing strongly into stocks of securities and the real estate sector, pushing these stocks higher. According to FPT Securities, cash flow was rotating around different stock groups with optimism about the market at the end of the year. Of note, the afternoon session witnessed strong selling and the VN-Index sometimes dropped to 508 points. Overall, 113 stocks lost while 102 others managed to increase. The HNX-Index on the Ha Noi Exchange slid slightly by 0.07 per cent to 66.07 points. The HNXFF-Index, comprised of stocks with a minimum free-float rate of 5 per cent, gained 0.01 per… [Read full story]